Standard & Poor’s Global Ratings has improved Bulgaria’s credit outlook from “stable” to “positive,” while confirming the country’s long-term and short-term foreign and local currency ratings at “BBB+/A-2,” according to information released by the Finance Ministry.
The agency said the revised outlook reflects expectations for stronger economic growth and rising incomes, supported by greater political stability, planned reforms, and continued inflow of European Union funds.
In its analysis, S&P pointed to the parliamentary elections held in April, which gave a majority to the party of former President Rumen Radev and, according to the agency, brought an end to five years of political turbulence. Analysts believe the new political environment could allow authorities to move ahead with anti-corruption reforms, fulfill conditions tied to the remaining payments under Bulgaria’s Recovery and Resilience Plan, and begin fiscal consolidation measures.
The agency also forecasts continued growth in Bulgaria’s GDP per capita, noting that the figure has already doubled since 2019. At the same time, government debt remains relatively low by international standards and is expected to stay below 30 percent of GDP through 2029.
